Empowering Financial Inclusion

Zeepay, a pioneering Ghana-based remittance and mobile money service provider, has secured a substantial $3 million equity investment from Verdant Capital Hybrid Fund. This strategic investment marks the fourth infusion of capital from Verdant within a span of just over two years, underscoring the confidence in Zeepay's innovative approach and growth potential.

Strengthening Financial Position

With a decade-long legacy and over $23 million raised since its inception, Zeepay is poised to leverage this latest injection of capital to fortify its financial standing, positioning itself for exponential growth in the dynamic landscape of 2024. The investment will enable Zeepay to expand its reach and enhance its offerings, driving greater financial inclusion across Africa.

Revolutionizing Mobile Money

As a non-telco mobile money operator, Zeepay holds licenses in key African markets, including Ghana, Zambia, Ivory Coast, and more. Specializing in remittance termination into mobile wallets, Zeepay stands as a beacon of accessibility, welcoming all networks and partners into its ecosystem. The company's commitment to innovation and inclusivity has propelled its rapid expansion, with a presence spanning Africa, Europe, and the Caribbean.

Profitability and Performance

Zeepay's formidable presence in the mobile money landscape is underscored by its impressive financial performance. Garnering the second-highest revenue in mobile finance services in 2022, Zeepay's profitability is a testament to its resilience and strategic acumen. Despite its expanding footprint and diversification efforts, Zeepay has maintained robust profitability, setting a new standard for success in the industry.

Welcoming New Shareholders

Andrew Takyi-Appiah, Managing Director of Zeepay, expressed enthusiasm for the partnership with Verdant Capital Hybrid Fund, highlighting the investment firm's confidence in Zeepay's business model and growth trajectory. With Verdant joining as the fifth institutional shareholder, Zeepay continues to attract strategic investors, further solidifying its position as a leader in mobile money innovation.

Acknowledging Management Excellence

Kwabena Appenteng, Director at Verdant Capital, commended Zeepay's management team for their vision and execution, citing the company's track record of hard currency earnings and growth opportunities across Africa. This investment underscores the strength and potential of Zeepay's leadership, positioning the company for continued success in driving financial inclusion and empowerment across the continent.